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The OECD monitors fiscal policies. Assessments shape the macroeconomic projections and policy recommendations. Work also examines the longer-term debt dynamics and sustainability of public finances, the role of fiscal policy in a monetary union and the interaction between fiscal and monetary policy.
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17-Jul-2008
Measures of the gap between actual and potential activity are used frequently as indicators of the economic cycle and play a vital role in the conduct of monetary and fiscal policy. This paper investigates the uncertainty surrounding projections and early outturn estimates of such gaps and evaluates their usefulness for policy making in real time.
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17-Jul-2008
Turkey should adopt tougher fiscal rules and reform its labour market to boost its economic performance, according to this new OECD report.
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25-Jun-2008
The broad consolidation programme has succeeded in cutting the fiscal deficit. It is important to secure the results achieved. Reforms in the public administration and pensions are noteworthy.
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11-Jun-2008
Canada’s economic performance has been among the best in the OECD as a sound policy framework has enabled the country to take advantage of strong global growth and soaring terms of trade. The economy has adapted well to recent shocks, as labour and capital have shifted rapidly from manufacturing towards the resource and service sectors, with strong net job increases.
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11-Jun-2008
How to make the recent growth performance more sustainable? How to achieve a better macro-economic policy mix? How to raise work incentives and economic efficiency? How best to stimulate the supply of affordable housing in major cities? How to improve transport infrastructure rapidly?
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